How to use this tool
Check the units, enter your values, and run the tool. Results follow the assumptions and method below.
Calculation method
Balance after deferral
principal*(1+rate/1200)^deferMonthly payment after deferral
rate == 0 ? principal/months : principal*(1+rate/1200)^defer*(rate/1200)/(1-(1+rate/1200)^(-months))